• Wed. Feb 21st, 2024
Shares of a small cap chemical company are up 4 percent after posting a 41 percent increase in PAT!















ROE of the company is 7.84 percent and ROCE is 10.6 percent.





Aarti Surfactants Limited has announced its results for the first quarter ended June 2023. Aarti Surfactants manufactures surfactants and specialty products catering to home & personal care, industrial applications, agro and oil industries in India and abroad.



Aarti Surfactants Limited is a spin-off of the home and personal care division of Aarti Industries Limited. The company manufactures more than 30 innovative and eco-friendly surfactants and also creates custom surfactants. It was listed in 2020.



The company’s net profit for the first quarter ended June 30, 2023 rose 41.51 percent to Rs 5.25 crore from Rs 3.71 crore. In the first quarter of FY24, the company’s total revenue fell 6 percent to Rs 148.73 crore from Rs 158.23 crore.



On a sequential basis, the company’s net profit for the quarter ended June 30, 2023 increased by 11.94 percent from Rs 4.69 crore. In the first quarter of FY24, the company’s total revenue declined by 5.82 percent from Rs 157.93 crore in the same quarter last year.



Yesterday the scrip closed at Rs 613.70 and today it opened at Rs 668.95. The 52-week high is Rs.934.57 and the 52-week low is Rs.417.40. ROE of the company is 7.84 percent and ROCE is 10.6 percent. It is currently trading at Rs 637, up 3.80 percent. The BSE Group B stock has a market capitalization of around Rs 530 crore.



Disclaimer: The article is for information purposes only and not investment advice.


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